Finance : Section 10(10D) provides exemption only when premium limits are within prescribed thresholds. If premiums exceed these limits, mat...
Finance : The article highlights the need for integrated travel and health insurance to manage both medical emergencies and trip disruptions...
Income Tax : Even where premium limits are exceeded, death benefits continue to be fully exempt. This ensures protection for beneficiaries. The...
Finance : Cyber insurance helps cover financial losses from cyberattacks like hacking and data breaches. It is becoming essential as digital...
Finance : The restoration feature ensures that insurance coverage can be reinstated after a major claim, helping maintain protection for oth...
Corporate Law : IRDAI formed a sub-committee to review private health insurance and improve policyholder experience. The initiative focuses on exp...
Corporate Law : The issue concerns identification of systemically important insurers. The regulator retained the same entities, emphasizing their ...
Corporate Law : IRDAI directs insurers to follow anti-dark pattern guidelines and submit compliance reports. The move strengthens consumer protect...
Corporate Law : The Government clarified that claim rejections are based on policy conditions like exclusions and OPD classification. IRDAI mandat...
Corporate Law : IRDAI is moving towards adopting Ind AS to standardize financial reporting across insurers. The framework aims to improve transpar...
Corporate Law : Supreme Court held that insurers impleaded as parties can raise all grounds, including quantum challenges. It remitted the case fo...
Income Tax : The SC upheld that reinsurance premiums paid to foreign entities are not taxable in India. It confirmed that absence of income acc...
Income Tax : The High Court held that reinsurance premiums paid to non-residents are not taxable in India and no TDS is required. It upheld Tri...
Corporate Law : SC affirmed a fire insurance claim after insurer attempted repudiation based on an arbitrary surveyor's report. Ruling held that o...
Corporate Law : Supreme Court rules pre-2015 life insurance policies were freely transferable, affirming High Court's decision against LIC's refus...
Corporate Law : IRDAI delegates Section 34 powers between Whole Time Members and Chairperson. The move aims to streamline enforcement actions and ...
Corporate Law : The notification addressed mandatory reinsurance cession for general insurance policies. It mandates 4% cession to GIC Re, ensurin...
Corporate Law : The issue was the need to address increasing cyber risks in the insurance sector. IRDAI introduced updated guidelines with enhance...
Corporate Law : The circular shifts SLAs from a renewal-based licensing system to a registration regime with annual fees. This ensures continuity ...
Corporate Law : IRDAI constituted a Joint Expert Group to tackle transition and implementation issues under Ind AS. The group will guide insurers ...
IRDAI imposes a Rs. 2 crore penalty on Dealmoney Securities for violations of corporate agent regulations and lack of governance. Read the full analysis.
IRDAI prohibits Confiance International Reinsurance Brokers for violations and issuing forged reinsurance slips, impacting TATA-AIG and the insurance market.
Is online bike insurance renewal better than offline options? We compare the two choices to help you make an informed decision.
Learn why insurance for a new car is a must in 2024. Protect your investment and ensure peace of mind on the road.
Discover how travel insurance can offer more than just safety abroad—learn to unlock tax savings with medical expense credits.
Explore the latest IRDAI notification on obligatory cession for 2024-25. Learn about applicability, cession percentages, terms, commissions, and profit-sharing for Indian reinsurers.
IRDAI updates guidelines to address unclaimed amounts by insurers, enhancing efforts to disburse rightful claims. Read the full analysis.
Learn about the draft IRDAI (Protection of Policyholders’ Interests & Allied Matters of Insurers) regulations 2024, including provisions on premium collection, policy nominations, insurance advertisements and more.
Explore the IRDAI’s groundbreaking Bima Sugam – Insurance Electronic Marketplace Regulations, 2024. Learn about its objectives, governance, and how it aims to democratize insurance services in India.
Draft IRDAI (Actuarial, Finance and Investment Functions) Regulations, 2024 to simplify & enhance ease of doing business. Learn more about the key updates.
